South Africa has the dubious distinction of having one of the highest rates of unemployment and inequality in the world. It is also one of the world’s most emissions-intensive economies, measured in greenhouse gas (GHG) emissions per unit of economic output. Historically, both during and after apartheid, state subsidies have favoured capital- and energy-intensive industries. What policies are necessary to change the development path to be both more climate- and labour-friendly?
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Econ 3X3